Fading the Streak

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SSI

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just entered long (795.00) at exactly (8:03 am cst)

profit target 797.75, stoploss at 789.00 now.

SSI
 

SSI

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let me quickly go over the NBA, i got hammered last night but i will follow thru with my plan...

7 game ATS Fade: 21-0 (+21.00 units) (0 pending)

no plays tonight..



5 game O/U Fade: 46-0 (+46.00 units) (2 pending)

one play for tonight..

Fade 49
a) Philly Over

ill be making a large bet on the Knicks Under and Wash Under on friday night... if they both go Over 2 more times in a row, you may not see me for a while but i will get the bets down and i will follow thru with it... and thats really all i care to say about that..

SSI
 

SSI

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just over 20 minutes into the trade and it doesnt seem to be faring too well right now..

entered Long at 795.00

market moved to a high of 796.25

and now has fallen back to 793.50


im out at either 789.00 with a Loss or at 797.75 with a Win..

the longer it goes (Usually the worse it is for me).... 23 minute in now...

last trade 793.25

Nick is in the office today btw, if anyone wants to discuss anything... i cant speak for him...

also, i started in this world by simply buying a few options... when buying options, your risk is always limited to the cost of the option (+ comm) and you pay that up front...

just something to consider, as futures trading is a fast paced, risky game.

SSI
 

SSI

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some days you get the bear, some days the bear gets you...

out at 789.00 with a 6pt loss...

now stand at: 8-2 (a little behind where i want to be)...

im leaving the other side of trade working.

sell at 784.75, buying back at 782.00

it will work until filled or be canceled at 3:15 pm cst, as its a day order..



ill be out until this evening.... possibly longer...

SSI
 

SSI

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ok, just wanted to update this one last time...

my short got hit at 784.75 and i took profits at 782.00 in about 5 minutes..


Let me set the record straight with this (Short Term System).....

i have now been trading this 11 trading days with MULTIPLE contracts (i dont care to discuss how many)......

the official record is: 8-3

but all 3 Losses have been covered on the other side, so the official ratio for the system is: 8 wins to 1.62 losers...

i hope that didnt confuse anyone...

11 trading days ago, i upped the ante......... ive had 8 winning days and the other 3 days, the first trade was a loss of (-6pts) but in all 3 cases the other side of trade was left open and the loss was reduced to only (-3.25 losses in all cases)...


any questions, ill be in and out until (11:00 am cst) then out until (4:00 pm cst).... heck ill be in and out all day....

but officially: 8 to 1.62

SSI
 

SSI

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doesnt matter...

im glad you got out as well (dont take that the wrong way), if you didnt have enough money to play the system..

i said from the beginning that this was a 6 game martingale...... unfortunately all the chases will not end ---- in the first few games.. a few will be pushed deeper...

this is not for everyone, i stated that as well.....

i have 2 more shots at a win on either and i will play them out...

lets just see how fridays games go......... there has been only one loss in the last 2.7 seasons...... i think the odds are still with me...

later..

SSI
 

SSI

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easy winner this morning on the (Short term system)

Long at 792.25, out at 795.00

runs record to (9 wins and 1.62 losses).... or a (5.55 to 1 ratio)....

this is probably going to wind down my posting of the trading.... many days i wont make it here in time to do this live.....

if your really and truly interested, ill help anyone that i can.... just let me know...

i have to fully explore what i am currently doing........ if over the long haul, i can hold the (5:1) or even (4:1)......... i will not have to do anything else.....

sounds like a "pipe dream" but its not......

one other thing, ill try and update the nba chase thing, especially until we have everything closed but you do not need me for those either... you can look them up at covers or alot of other places...

i have my winner and am done for the day..

have a good one..

SSI
 

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Thanks SSI ... I have been following / tailing the NBA chase system ... so I appreciate all your updates on the plays each day ...
 

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thank you for sharing your time and knowledge.

i have a long way to go & still many questions, but i'm committed to sticking with this & will ultimately trade with real money --- but not yet.

although i can see the down side of paper trading for the beginner, i know it's where i need to be right now.

there are so many programs and strategies for sale out there that it's truly mind-boggling. i may invest in one because i do feel i need some additional hand holding. although maybe using a broker is all i would need. one thing i've seen repeated many times is that new traders make lots of mistakes in placing their orders incorrectly & i can definitely see how that could happen.

it sounds like you won't be posting much from here on, and i understand that. i wish you lots of luck, but i don't think you'll need it ... may be with the knicks & wizards on friday, but not with the emini!

thanks so much SSI for sharing here.

walnut
 

SSI

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guys, ill be around....

i just may not be an every day poster.....

i sort of like to post, well,,,,,, when i want too..... just as everyone does..

as for the basketball,,,, ill be around to see those chases to completion and maybe i stay around longer and keep posting it... or maybe i dont, point is, u dont need me at all for those nba chase systems....


as for trading, walnut............ pm me or email me anytime you wish...

be careful buying any trading system, most are like buying plays from a tout...

i laid out the plan that you need to do............... ill say it again..


1. study everything you can about "Your" market and trading.

2. paper trade your market for at least 30 days.

3. Id invest a small amount with a real broker and try out my plan.

after these things, if and only if, your successful, you can look at other options.... such as...

4. investing more money and trading multiple contracts.

5. trade online for yourself at places like Infinity.. where you can get $5rt comm rates..



walnut, i trade with (Redlands Futures and Options), located in Redlands California..... with a guy named Nick Kioussis... they clear thru RJ Obrien. give him a call, if you want some broker assisted help..

after market hours, of course... around (1:30 pm cst) or after....

SSI
 

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SSI - where is the best place to track the streaks on the NBA teams without doing too much work ... I did get on covers website, and I can track on my own, but is there an easy way to track which teams have not covered in 7 games or which teams have been over/under for five games ... I am a relative noob at this ... I may just not be able to figure out the right place to look ...

Thanks much
 

SSI

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zeb, i use covers... just click on the daily matchups and it will give you the info.......... you can look up past seasons, as well..

walnut, are you anywhere near (Big Bear).... my broker's office faces Big Bear..

SSI
 

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Thanks SSI - got it - everything I ever wanted to know about trends is there .. appreciate the help ...
 

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zeb, i use covers... just click on the daily matchups and it will give you the info.......... you can look up past seasons, as well..

walnut, are you anywhere near (Big Bear).... my broker's office faces Big Bear..

SSI

Covers also has a nice daily print sheet that has all the streaks on one page.

It's in pdf...but its an easy read for the streaks with just one look.

http://www.sportsdirectinc.com/outputs/faxsheets/nba_game_prev.pdf

http://www.covers.com/faxsheets/index.aspx
 

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let me quickly go over the NBA, i got hammered last night but i will follow thru with my plan...

7 game ATS Fade: 21-0 (+21.00 units) (0 pending)

no plays tonight..



5 game O/U Fade: 46-0 (+46.00 units) (2 pending)

one play for tonight..

Fade 49
a) Philly Over

ill be making a large bet on the Knicks Under and Wash Under on friday night... if they both go Over 2 more times in a row, you may not see me for a while but i will get the bets down and i will follow thru with it... and thats really all i care to say about that..

SSI

wow, 125 in knicks game at half- what total did you get in that game?
 

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